October 13, 2024 @ 6:17 pm By Tony Zerucha  |  

If financial services companies want to derive value from artificial intelligence (AI), they must define clear use cases and prepare for what’s coming. Asher Lohman helps them do that. Lohman is the vice president of data analytics for Trace3, an integrator, and reseller of enterprise… Read More

 Tagged Asher Lohman, fraud, Trace3

October 13, 2024 @ 5:07 pm By Omar Faridi  |  

Volante Technologies, the global enabler of Payments as a Service (PaaS), recently announced that Lakeside Bank, a community bank with over $2.64 billion in assets that specializes in serving mid-sized and larger businesses in Chicago, has selected Volante’s Payments as a Service (PaaS) in order… Read More

 Tagged payments, volante technologies

October 13, 2024 @ 3:21 pm By Omar Faridi  |  

A recent Chime survey has revealed consumers’ feelings or thoughts about cash. Chime notes in a blog post that consumers may have experienced that moment when you forget to bring cash. In a recent survey, Chime noted that of 2,000 adults across four different generations… Read More

 Tagged banking, chime, research

October 13, 2024 @ 2:25 pm By Michael Wong  |  

Bahrain Fintech Bay (BFB), a financial technology hub, announced the establishment of the MENA Innovation Academy (MENA-IA) to enhance Fintech expertise and career readiness across the Middle East and North Africa region. The academy is launched in partnership with Reboot Coding Institute (Reboot01), an academic… Read More

 Tagged bahrain, Bahrain FIntech, fintech, mena, MENA Innovation Academy

October 13, 2024 @ 1:55 pm By Omar Faridi  |  

Citi (NYSE:C) announced that Citi Token Services for Cash has moved from a pilot program to a live commercial solution, facilitating transactions for institutional clients. This marks a key milestone in Citi’s journey to deliver real-time transaction banking services to some of its global clients…. Read More

 Tagged citi, digital technology, digital transformation, digtitalization, payments

October 13, 2024 @ 1:21 pm By Michael Wong  |  

Philippine digital banks aiming to tap the country’s large unbanked and underbanked population are facing significant risks associated with lending to these segments, Fitch Ratings reported. The Philippines, like several other Asia-Pacific markets, has lower credit and banking penetration compared to developed economies. Digital lenders… Read More

 Tagged banking, GoTyme Bank, Maya Bank, Philippines

October 13, 2024 @ 12:07 pm By Omar Faridi  |  

Credit insights from Fintech firm Plaid are looking at what’s currently driving growth and how firms are managing risk. In its latest Consumer Report, John He & Nikolai Oudalov noted in a blog from Plaid that the financial infrastructure Fintech has helped lenders, from enterprises to… Read More

 Tagged fintech adoption, open banking, plaid

October 13, 2024 @ 11:45 am By Omar Faridi  |  

Banco do Brasil (BB) and payment terminal operator Cielo are reportedly providing “Pix por aproximação” to a select group of the bank’s clients These clients can make purchases by bringing their smartphones close to the payment terminal at participating retail outlets. For the time-being, this… Read More

 Tagged banco do brasil, brazil, cielo, latam, payments, pix

October 12, 2024 @ 6:24 pm By Michael Wong  |  

Fabrick, an Italian Open Finance operating company, has announced a strategic partnership with TerraPay, a global payments infrastructure firm, to enhance its geographical footprint and payment solutions. Initially focusing on the Italian market, the collaboration aims to offer businesses a unified platform that streamlines payment… Read More

 Tagged fabrick, open banking, payments, terrapay

October 12, 2024 @ 6:21 pm By Omar Faridi  |  

Gemcorp Capital, a global asset management firm focused on emerging markets, has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in order to operate in the Abu Dhabi Global Market (ADGM) and has opened a business office in Abu Dhabi…. Read More

 Tagged abu dhabi, adgm, gemcorp, mena, uae